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Kennedy, Inc. reported the following data: Net income $173,680 13,566 Depreciation expense Loss on disposal of equipment Gain on sale of building Increase in accounts
Kennedy, Inc. reported the following data: Net income $173,680 13,566 Depreciation expense Loss on disposal of equipment Gain on sale of building Increase in accounts receivable Decrease in accounts payable (10,427) 21,083 9,766 (2.120) Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cas outflows, a decrease in cash, cash payments, or any negative adjustments. Kennedy, Inc. Statement of Cash Flow Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Previous 40 Loss on disposal of equipment (10,427) 21,083 Gain on sale of building Increase In accounts receivable 9,766 Decrease in accounts payable (2,120) Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cam outflows, a decrease in cash, cash payments, or any negative adjustments. Kennedy, Inc. Statement of Cash Flow Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities D Prev a o RA
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